OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) 1991 NO. 458 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) 1991 NO. 458 - TABLE OF PROVISIONS 1. Amendment 2. Regulation 4B (Special rules relating to HAS) 3. Regulation 4L (Request for information by payers) 4. Regulation 4N (Amendment of interim applications) 5. Regulation 4P (Amounts to be taken into account) 6. Regulation 4ZB (Reasonable benefit limit where recipient member of a certain fund on 15 August 1989) 7. Schedule 3 (Pension valuation factors) 1991 No. 458 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 1 1. Amendment 1.1 The Occupational Superannuation Standards Regulations are amended as set out in these Regulations. (NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48) 1991 No. 458 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 2 2. Regulation 4B (Special rules relating to HAS) 2.1 Sub-subparagraph 4B (2) (c) (i) (f): Omit "1 January 1992", substitute "1 July 1992". 2.2 Sub-subparagraph 4B (2) (c) (i) (g): Omit "1 January 1992", substitute "1 July 1992". 2.3 Paragraph 4B (3) (d): Omit "1 January 1992", substitute "1 July 1992". 2.4 Paragraph 4B (3) (e): Omit "1 January 1992", substitute "1 July 1992". 2.5 Paragraph 4B (3) (f): Omit "1 January 1992", substitute "1 July 1992". 2.6 Paragraph 4B (3) (g): Omit "1 January 1992", substitute "1 July 1992". 1991 No. 458 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 3 3. Regulation 4L (Request for information by payers) 3.1 Paragraph 4L (1) (c): Omit "1 January 1992", substitute "1 July 1992". 1991 No. 458 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 4 4. Regulation 4N (Amendment of interim applications) 4.1 Subregulation 4N (1): Omit "subsection 15N (1)", substitute "subsection 15M (1)". 1991 No. 458 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 5 5. Regulation 4P (Amounts to be taken into account) 5.1 Subregulation 4P (3): Omit "1 January 1992", substitute "1 July 1992". 5.2 Subregulation 4P (3A): Omit "1 January 1992", substitute "1 July 1992". 5.3 Subregulation 4P (4): Omit "1 January 1992", substitute "1 July 1992". 5.4 Paragraph 4P (4A) (a): Omit "1 January 1992", substitute "1 July 1992". 5.5 Paragraph 4P (4A) (b): Omit "1 January 1992", substitute "1 July 1992". 1991 No. 458 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 6 6. Regulation 4ZB (Reasonable benefit limit where recipient member of a certain fund on 15 August 1989) 6.1 Subregulation 4ZB (1): Omit "1 January 1992", substitute "1 July 1992". 6.2 Subregulation 4ZB (2): Omit "1 January 1992", substitute "1 July 1992". 1991 No. 458 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 7 7. Schedule 3 (Pension valuation factors) 7.1 Omit the tables, substitute: TABLES Indexation rate of 8% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 33 31 29 27 25 23 21 18 16 14 12 10 9 9 50%-75% 34 33 31 29 27 25 22 20 18 15 13 11 10 9 Above 75% 35 34 32 30 28 26 24 21 19 16 14 12 10 10 Indexation rate of at least 7% but less than 8% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 26 25 24 23 21 20 18 16 14 13 11 10 9 8 50%-75% 27 26 25 24 23 21 19 18 16 14 12 10 9 9 Above 75% 28 27 26 25 24 22 20 19 17 15 13 11 10 9 Indexation rate of at least 6% but less than 7% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 22 21 20 19 18 17 16 14 13 12 10 9 8 8 50%-75% 22 22 21 20 19 18 17 16 14 13 11 10 9 8 Above 75% 23 22 22 21 20 19 18 16 15 13 12 10 9 8 Indexation rate of at least 5% but less than 6% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 18 18 17 17 16 15 14 13 12 11 10 9 8 8 50%-75% 19 18 18 17 17 16 15 14 13 12 10 9 8 8 Above 75% 19 29 18 18 17 17 16 15 13 12 11 9 8 8 Indexation rate of at least 4% but less than 5% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 16 15 15 15 14 13 13 12 11 10 9 8 8 7 50%-75% 16 16 15 15 15 14 13 13 12 11 10 9 8 7 Above 75% 16 16 16 15 15 15 14 13 12 11 10 9 8 7 Indexation rate of at least 3% but less than 4% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 14 14 13 13 13 12 11 11 10 9 8 8 7 7 50%-75% 14 14 14 13 13 13 12 11 11 10 9 8 7 7 Above 75% 14 14 14 14 13 13 12 12 11 10 9 8 8 7 Indexation rate of at least 2% but less than 3% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 12 12 12 12 11 11 10 10 9 9 8 7 7 7 50%-75% 12 12 12 12 12 11 11 10 10 9 8 8 7 7 Above 75% 12 12 12 12 12 12 11 11 10 9 9 8 7 7 Indexation rate of at least 1% but less than 2% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 11 11 11 11 10 10 10 10 9 8 7 7 7 6 50%-75% 11 11 11 11 11 10 10 10 9 8 8 7 7 6 Above 75% 11 11 11 11 11 10 10 10 9 9 8 7 7 6 Indexation rate less than 1% Reversion Age next birthday of recipient on commencement day of pension 20 21 26 31 36 41 46 51 56 61 66 71 76 81 or to to to to to to to to to to to to or less 25 30 35 40 45 50 55 60 65 70 75 80 more Below 50% 10 10 10 10 9 9 9 8 8 8 7 7 6 6 50%-75% 10 10 10 10 10 9 9 9 8 8 7 7 6 6 Above 75% 10 10 10 10 10 10 9 9 9 8 8 7 7 6 - NOTES 1991 No. 458*1* OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS*2* (AMENDMENT) *1*Notified in the Commonwealth of Australia Gazette on 19 December 1991. *2*Statutory Rules 1987 No. 322 as amended by 1988 No. 255; 1989 Nos. 24, 281 and 356; 1990 Nos. 149, 150, 185, 202 and 275; 1991 Nos. 16, 58, 148, 150 and 155.